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david and julie
I was reading an article earlier about conditions of employment for EU staff and my attention was drawn to their pensions. Staff pay 9.25% of salary towards their pension which only covers 1/3rd of the actuarial cost. For this they receive 2% of final salary for each year worked upto 70% or 35 years service. They can retire anytime after 50 years of age. So if you started working for them at say 20, by 50 you would have 30 years in and get 60% of your final salary, index linked. By contrast,as an example, an NHS employee would have to work 40 years for a maximum pension of 50% again final salary and index linked, but currently under review downwards to reduce costs.
http://europa.eu.int/comm/reform/2002/summary_chapter6_en.html#6_2_2
However the real hypocracy comes when you start talking about the rest of us, who they say must work longer!
http://news.bbc.co.uk/1/hi/business/2851173.stm
Just remember all this when you are told the EU is good for you.
http://europa.eu.int/comm/reform/2002/summary_chapter6_en.html#6_2_2
However the real hypocracy comes when you start talking about the rest of us, who they say must work longer!
This link is a little old, I can't find a later one but things haven't changed. This is why the Gov is talking about us working till 70 because they were told we must by the EU.The European Union is to issue a stark warning to Britons that they should be prepared to forget early retirement and work for longer.
http://news.bbc.co.uk/1/hi/business/2851173.stm
Just remember all this when you are told the EU is good for you.